Prop 386: WMATIC bootstrapping liquidity incentives
- By voting YES on this proposal, OSMO stakers voice their support for bootstrapping WMATIC liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WMATIC pool (#789)
* By voting NO on this proposal, OSMO stakers voice their dissent to bootstrapping WMATIC liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WMATIC pool (#789)
Details
The normal signalling proposal to allocate WMATIC incentives would go into effect at the next routine incentives proposal providing incentives on the 25th December. This proposal would provide initial incentives on the 20th December by actioning the following:
* Directly allocating 0.5% of incentives to go to OSMO/MATIC (#789)
* Set Minimum incentives for the OSMO/MATIC (#789) pool of 0.5% for 4 routine proposals to retain this level of liquidity incentives while liquidity is built.
Bootstrapping incentives indicate that Osmosis stakers wish to quickly establish functional liquidity of WMATIC to facilitate trading and liquidity flow between Polygon and Osmosis via the Axelar bridge.
About WMATIC
WMATIC is the wrapped version of MATIC that enables use on the Polygon network. WMATIC is similar in liquidity to WETH as the most liquid, volatile asset across Polygon.
Website: https://polygon.technology/
Commonwealth Thread: https://commonwealth.im/osmosis/discussion/8467-onboarding-of-new-major-token-pool-osmowmatic